About me
I am a retired Executive Director/Finance of a Navratna PSU.
-
What kinds of questions I can and can't answer?
Questions on Income Tax, project finance, accounts and Management consultancy can be answered by me since I am a retired Executive Director having more than 30 years experience.
My area of expertise
Income Tax, Management Consultancy, Project finance, accounts and Service tax.
My experience in the area (years):
More than 30 years.
Organizations I belong to:
Power generation and Mining.
Publications or writing which has appeared :
-
Educational credentials:
Chartered Accountant
Award & Honors:
-
-
Pooja
says
: Long term loss
I had purchased shares before 31st January 2018 which I sold in the financial year 2020-2021. I incurred a long term loss of Rs 6,00,000. Can I give it as consolidated long term loss bought after 31st January 2018 in schedule 112a as grandfathering clause has no effect on loss? -
Gopi
says
: NPA declared. Please help
I was one of the guarantors of a MSME for a term loan from Vijaya bank (now Bank of Baroda). I had given a residential property as a colleteral fr the loan. Unfortunately due to covid and other problems our factory incurred huge losses and couldn't afford to pay the EMIs for the loan. Now, the bank has sent letters that if we don't pay the term loan, they will take away the property and make us liable for the outstanding loan balance. Can they do this? If so what options do I have. -
ketaki
says
: Modification not allowed itr 5
Sir I am still facing problem in uploading ITR5 Getting error as invalid hash value identified and modification not allowed outside the utility Pls help me resolve this error I am using latest utility -
Vijay Koradia
says
: gst input credit of truck
Respected Sir/Madam We purchase sand from the register/unregister dealer and then sell it to the registered dealer @5% GST with transportation (free of cost), it is our main business. In some cases, we had also provided only transportation service from where we collected GST @12% (forward charges) In this scenario can we claim ITC on the truck purchased for the supply of sand? -
venu byravarasu
says
: Request help
Hi Sir, As you helped several folks on this web forum, reaching out for help. While filing tax returns, I see following errors: In Trading Account - (9Aiii) - mention both Narration and Amount. Amount can not be negative. Mandatory to fill the balance sheet (i.e. the sections "1. Sources Of Funds" and "2. Applications of Funds") as Profit and Loss a/c is entered. As I used margin from stock broker, can you plz suggest under what heads that need to be captured. BR Venu
Comment Please
Other CCI Experts
CMA Ramesh Krishnan
Queries Replied : 26053
Nikhil Kaushik
Queries Replied : 24294
CMA. CS. Sanjay Gupta
Queries Replied : 24107
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
